https://www.taxtmi.com/caselaws?id=333511 The Tribunal upheld the addition of unaccounted income for AY 2007-08 based on rough workings and seized documents, rejecting the assessee's claims of provisional nature. The additions were justified by matching figures and terms indicating actual sales. For AY 2008-09, the Tribunal partially upheld the 'on-money' earnings addition, directing inclusion of unsold inventory components and empirical data for further additions. However, for AY 2009-10, the Tribunal deleted the addition due to lack of evidence post-search, emphasizing the necessity of corroborative evidence for extrapolated additions in subsequent years. en-us Mon, 22 Aug 2016 00:00:00 +0530 Sat, 15 Oct 2016 11:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333511 The Tribunal upheld the addition of unaccounted income for AY 2007-08 based on rough workings and seized documents, rejecting the assessee's claims of provisional nature. The additions were justified by matching figures and terms indicating actual sales. For AY 2008-09, the Tribunal partially upheld the 'on-money' earnings addition, directing inclusion of unsold inventory components and empirical data for further additions. However, for AY 2009-10, the Tribunal deleted the addition due to lack of evidence post-search, emphasizing the necessity of corroborative evidence for extrapolated additions in subsequent years. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333511